In January of 2016, we made this blog post about the very low inventory on the market, and this year, it’s more of the same!
Low inventory is driving up competition, and with that competition, prices are on the rise. Multiple offers are the name of the game right now on the hottest new properties. Homes are selling faster now than they were at this time last year, and at a greater percentage of asking price.
Inventory levels may be rising, with spring market around the corner, but there’s good reason to believe that the competition will remain high.
For a look at the complete report, visit spaar.com.
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